In Parliament, the Winter Session began with heated debates over the Adani bribery allegations, the Waqf Amendment Bill, and developments in Manipur, leading to adjournments in both Houses. Elsewhere, COP29 concluded with a historic climate finance target of $300 billion per year, though India rejected the agreement as inadequate.
On the economic front, S&P Global trimmed India’s growth projections for FY26 and FY27, while UPI fraud cases surged by 85% in FY24, raising concerns over digital payment security. Additionally, Amazon India plans to fast-track its entry into the quick commerce space, challenging leaders like Blinkit and Zepto.
On the global stage, crude oil and gold prices are on the rise amid escalating geopolitical risks.
Stay tuned for in-depth stories and expert insights as we break down the day’s top developments!
Nifty 50 jumps over 300 points, Sensex returns to 80,000 as markets extend rally
The Nifty 50 jumped over 300 points after undergoing a gap-up start on Monday, while the Sensex also regained its psychologically important 80,000 mark, a day after the BJP scored a big win in the Assembly elections in Maharashtra.
The BJP-led Mahayuti alliance registered a landslide victory in the Maharashtra elections whose results were announced on November 23, 2024. The results saw the ruling ‘Mahayuti’ alliance sweeping the state, winning 230 out of the 288 Assembly seats. The BJP not only recorded the best tally since 1990 with 132 seats, but also became the first party in the coalition era to emerge as the single-largest party in every region of Maharashtra.
Adani Green Energy shares fall 10% after TotalEnergies suspends further investment for now
Shares of Adani Green Energy fell sharply on Monday, with the stock trading down 9.90% at ₹948.20 ahead of market close, following TotalEnergies’ announcement that it would not make new financial contributions amid a US federal indictment involving the Adani family.
“Until such time when the accusations against the Adani group individuals and their consequences have been clarified, TotalEnergies will not make any new financial contribution as part of its investments in the Adani group of companies,” the French energy company stated.
Also read here: GQG Partners, one of the first investors to acquire a stake in the Adani Group following last year’s Hindenburg controversy, said it does not anticipate significant business impacts stemming from the US District Court and SEC actions regarding an alleged bribery scheme involving the group.
Winter session Of Parliament: Opposition demands discussion on Adani row, Manipur & Waqf Bill
Winter Session of Parliament is off to a stormy start; both Houses adjourned till Wednesday following a ruckus over the Adani bribery row.
The winter session of Parliament, which began today (November 25), offers the Bharatiya Janata Party an opportunity to push its legislative agenda. In the wake of its resounding victory in the Maharashtra assembly elections, the party is likely to introduce the controversial Waqf Amendment Bill and test the waters on its commitment to a major constitutional reform — ‘One Nation, One People’ — over the next four weeks. What will the allies and Opposition do? Political observer and writer K V Prasad explains.
Also read: Parliament may pass the Banking Amendments Bill in Winter Session
S&P Global lowers India GDP growth forecast for FY26 and FY27
The global ratings agency S&P Global on November 25 updated its economic forecasts for Asia-Pacific economies after US election results as per which it has lowered its projection for India’s GDP growth for FY26 to 6.7% and for FY27 to 6.8%.
S&P Global has retained its outlook at 6.8% GDP growth in FY25.
Expert on where crude oil and gold prices might head next
Peter McGuire, CEO of XM Australia, expects Brent crude to reach $80 per barrel and WTI to potentially test $75. He highlighted that geopolitical risks, particularly Russia’s actions in Ukraine, is a key driver of the rising oil prices.
Oil prices hovered near two-week highs on November 25 after gaining 6% last week, as escalating geopolitical tensions between western powers and major oil producers like Russia and Iran raised concerns over potential supply disruptions.
UPI fraud cases surge by 85% in FY24: Key insights and data
UPI fraud cases surged by 85% in FY24. The number of incidents rose from 7.25 lakh in FY23 to 13.42 lakh in FY24. These cases involved a total value of ₹1,087 crore, compared to ₹573 crore in the previous year.
The Ministry of Finance revealed these figures in a reply to Parliament, highlighting the growing challenges in securing the country’s booming digital payments ecosystem.
Amazon plans to launch quick commerce in India by December: Here is what we know
Amazon India is fast-tracking the launch of its quick commerce service, codenamed Tez, with plans to roll it out by late December or early 2024.
Initially targeted for the first quarter of 2025, the e-commerce giant is expediting its entry into the $5.5-6 billion sector, which has seen rapid growth led by Blinkit, Zepto, and Swiggy Instamart.
Who will be Maharashtra’s next chief minister post-Mahayuti victory? Experts weigh in
The voters of Maharashtra may have given their verdict, delivering a landslide victory to the Mahayuti. However, the fog over who would be the next Maharashtra chief minister is yet to lift.
The BJP, with 132 seats and a 90% strike rate registered their best ever performance in the Maharashtra elections 2024. Their tally is within striking distance of an absolute majority. Eknath Shinde’s Shiv Sena won 57 and Ajit Pawar’s NCP won 41 seats. Top leaders of the Mahayuti are in a close huddle to decide on the state’s top post. while Devendra Fadnavis of the BJP is the frontrunner, sources tell Network18 that the Shiv Sena is pitching for Eknath Shinde to retain the CM’s post.
Devendra Fadnavis may be the frontrunner, but opposition from Eknath Shinde camp can be the deciding factor on who will be the next CM. What else could be the deciding factors? We discussed that in the NewsCentre.
Explained | COP29 triples climate finance target to $300 bn in a year; India rejects the deal
After a long discussion & complex negotiation over climate finance in Baku during COP29, the countries have adopted a $300 billion a year global finance target to help developing nations fight climate change. However, India rejected the deal, calling it ‘too little & too distant.’ Is the amount enough?
India’s Perth win sends fans expectations back to upper circuit
Aisa to aadmi life me doich time bhaagta hai. Olympic ka race ho, ya police ka case ho (A man runs this way only in two instances – when it’s the Olympics or when he’s escaping from the police).
The tables turned on Monday, 370 days later, 4,500 miles away in Perth, when an inspired Jasprit Bumrah, after a perfect set up of good length balls, softened Head with a bouncer and had him knocked off on the next. By the time Head was dismissed for a counter-attacking 89, the game was nearly done and dusted, but the way the Indians celebrated showed the significance of the wicket and what the man had done to destroy 140 billion dreams that night.
2025 IPL Auction Live Updates: 84 players were sold on day 1 of the IPL 2025 mega auction. Players like Faf du Plessis, Bhuvneshwar Kumar and Kane Williamson were up for auction today. Here’s our live coverage
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